I mean, compared to the majority of streaming platforms (YouTube, Spotify), sure. But there's the entire world of lossless music that just outperforms vinyls in every way.

But yeah, in both cases, you'd need to shell out at least a couple of hundred euros on speakers to fully experience either vinyls or lossless, and that has proven to be not important to the vast majority of the people.

I have a pretty large collection of lossless files, a record player, some vinyls, and speakers that allow me to tell the difference, but I still play Spotify on them like 95% of the time.